GBP/USD has broken through a support line. It has touched this line at least twice in the last 13 days. This breakout may indicate a potential move to 1.2758 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
AUDCAD has broken through a level it has tested 4 times in the recent past.
The price of AUDCAD in heading in the direction of 0.9051. Despite the recent breakout through 0.9018 it…
EURAUD – It’s perhaps in these huge moves where the greatest opportunity lies
EURAUD experienced an extremely large move that lasted 2. This movement is in the 3.0 percentile and is…
GBPUSD is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.
An emerging Falling Wedge has been detected on GBPUSD on the 1 hour chart. There is a possible…